EGOLD - EGLD/USD
EGOLD - EGLD/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: EGLDUSD
ISIN:

EGOLD - EGLD/USD - Daily - Technical analysis published on 12/07/2022 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 49.05 USD
My targets
41.72 USD (-8.19%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 49.05 USD remains possible. It is advisable to trade MULTIVERSX - EGLD/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 49.05 USD. The next bearish objective for sellers is set at 41.72 USD. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 49.05 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.7

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The MULTIVERSX - EGLD/USD rating is 45.44 USD. On the day, this instrument lost -0.22% with the lowest point at 44.24 USD and the highest point at 45.71 USD. The deviation from the price is +2.71% for the low point and -0.59% for the high point.

44.24
45.71
45.44

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of MULTIVERSX - EGLD/USD in Daily shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily



The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S1
R1
R2
R3
Price


S1PriceR1R2R3
ProTrendLines 41.72 45.44 46.08 53.52 61.42
Change (%) -8.19% - +1.41% +17.78% +35.17%
Change -3.72 - +0.64 +8.08 +15.98
Level Intermediate - Intermediate Minor Intermediate



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard40.7741.9743.7544.9546.7347.9349.71
Camarilla44.7244.9945.2745.5445.8146.0946.36
Woodie41.0742.1244.0545.1047.0348.0850.01
Fibonacci41.9743.1143.8144.9546.0946.7947.93


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard38.9140.1441.8143.0444.7145.9447.61
Camarilla42.6742.9443.2043.4743.7444.0044.27
Woodie39.1240.2542.0243.1544.9246.0547.82
Fibonacci40.1441.2541.9443.0444.1544.8445.94


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.5524.4834.1249.0558.6973.6283.26
Camarilla37.0039.2641.5143.7646.0148.2750.52
Woodie6.9123.1631.4847.7356.0572.3080.62
Fibonacci24.4833.8739.6649.0558.4464.2373.62

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 51.22
MACD (12,26,9): -0.9100
Directional Movement: -0.29
AROON (14): 92.86
DEMA (21): 42.48
Parabolic SAR (0,02-0,02-0,2): 40.67
Elder Ray (13): 1.16
Super Trend (3,10): 48.61
Zig ZAG (10): 45.12
VORTEX (21): 1.0700
Stochastique (14,3,5): 78.89
TEMA (21): 43.60
Williams %R (14): -15.06
Chande Momentum Oscillator (20): 3.19
Repulse (5,40,3): 4.3600
ROCnROLL: -1
TRIX (15,9): -0.5500
Courbe Coppock: 9.03
MA7: 43.98
MA20: 42.92
MA50: 48.97
MA100: 50.20
MAexp7: 44.16
MAexp20: 44.15
MAexp50: 47.02
MAexp100: 51.96
Price / MA7: +3.32%
Price / MA20: +5.87%
Price / MA50: -7.21%
Price / MA100: -9.48%
Price / MAexp7: +2.90%
Price / MAexp20: +2.92%
Price / MAexp50: -3.36%
Price / MAexp100: -12.55%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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